5-7-9 % Loans
This programme provides simplified access for small and medium-sized businesses to bank credits, allowing them to obtain loans at a reduced interest rate (through state reimbursement of the interest rate at the level of 0 %, 3 %, 5 %, 7 % and 9 % per annum on loans in the national currency).
Pivdenny Bank has joined the Available 5-7-9 % loan programme. The programme is implemented by the Government of Ukraine at the initiative of the President of Ukraine through the Entrepreneurship Development Fund.
Program Objective
- Development of investment projects
- Anti-crisis measures: Preventing COVID-19 in Ukraine and overcoming related consequences
- Refinancing of debts on existing loans for business purposes in Ukrainian banks (including Pivdenny Bank for the purpose of obtaining state support in the form of interest compensation provided for by the programme).
Terms and conditions
- Legal entities and individual entrepreneurs (residents of Ukraine);
- Shareholders and the ultimate beneficial owner must be individuals and Ukrainian residents;
- The total amount of state support received under any programme over a three-year period cannot exceed the equivalent of EUR 200,000;
- The maximum loan amount is UAH 50,000,000.00, which is the maximum amount of all loans for the Group of Related Entities under the programme;
- Total annual income (revenue) for the group of companies is up to EUR 20 million;
- The compensation rate depends on the programme objective.
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Interest Level for Clients |
5 % per annum |
7 % per annum |
9 % per annum |
0 % for the quarantine period + 90 days 3% after the quarantine is lifted |
0 % per annum (till 31.03.2021), 3 % per annum from 01.04.2021 |
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Revenue (in total for the NBU group) |
from EUR 0 to 2 million. |
from EUR 0 to 2 million. |
from EUR 2 million to EUR 20 million |
EUR 20 million |
EUR 20 million |
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Job Opportunities |
subject to the creation of at least 2 job opportunities during the first quarter |
The interest rate is reduced by 0.5 % for each new job opportunity provided based on the financial quarter results, but not less than 5 % per annum. |
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Life of a Loan |
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Loan Amount |
UAH 50,000,000.00 within the group (all banks) however, the maximum amount of compensation paid for a three-year period cannot exceed EUR 200,000.00 (equivalent) within the group |
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Lending Purpose |
Investment projects
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Refinancing of existing debt on MSE loans in Ukrainian banks |
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Compensation interest rate
The compensation interest rate (client rate) depends on the financing purpose, the annual volume of business income and the number of job opportunities provided.
Development of investment projects
- 5 % per annum, if the revenue does not exceed UAH 50 million and at least 2 new job opportunities have been provided within one quarter
- 7 % per annum for businesses with revenues of up to UAH 50 million
- 9 % per annum for businesses with revenues of UAH 50 million, but not exceeding the equivalent of EUR 20 million*
Anti-crisis measures
for businesses with revenue from UAH 0, but not exceeding the equivalent of EUR 20 million (subject to confirmation of the pandemic impact on business activities)
- 0 % per annum for the period of quarantine/restrictive measures and within 90 days from the date of its (their) elimination;
- 3 % per annum after the lifting of quarantine/restrictive measures and the expiration of 90 days from the date of its (their) elimination.
Refinancing
for businesses with revenue from UAH 0, but not exceeding the equivalent of EUR 20 million (subject to the preservation of a ratio of at least 50% of the wage fund and half of personnel to the indicators as of 1/3/2020)
- 0 % per annum till 31 March 2021;
- 3 % per annum from 1 April 2021.